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What kind of currency is PHA coin? Which exchanges can buy PHA coin?
The native cryptocurrency of the Phala Network, PHA coin, serves multiple purposes, including collateralizing storage space, staking for rewards, and enabling network governance.
Nov 02, 2024 at 09:48 pm
What is PHA Coin?
- Concept: PHA (Phala Network) coin is the native cryptocurrency of the Phala Network, a private computation platform for smart contracts.
Purpose: PHA is used for:
- Collateralizing storage space and paying for computations.
- Staking to support the network and earn rewards.
- Governance, where PHA holders can vote on protocol updates.
Where to Buy PHA Coin?
PHA coin can be purchased on the following exchanges:
- Binance
- Huobi Global
- Gate.io
- KuCoin
- AscendEX
- Coinbase (added in 2023)
- Uniswap (decentralized exchange)
- PancakeSwap (decentralized exchange)
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